EURUSD - Moving towards confluence area

FX:EURUSD   Euro / U.S. Dollar

EURUSD - Intraday - We look to Sell at 1.1240 (stop at 1.1270)

Posted Mixed Daily results for the last 10 days. A bullish reverse Head and Shoulders is forming. The medium term bias remains bullish . A Fibonacci confluence area is located at 1.1172. The bias remains mildly bearish but there is scope for a move in either direction at the open. Although the anticipated move lower is corrective, it does offer ample risk/reward today. Bespoke resistance is located at 1.1240.

Our profit targets will be 1.1175 and 1.1230

Resistance: 1.1240 / 1.1248 / 1.1256
Support: 1.1193 / 1.1173 / 1.1125
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